Boeing Will move its Defense Headquarters to DC

On Tuesday, Boeing Company (The) (NYSE:BA) announced that it will move its defense headquarters and around a dozen of its senior defense leaders to Washington-area headquarters from St. Louis. However, the company said that most of the military activities will still be in Missouri.

The senior leaders that will move to DC area early next year include Leanne Caret, which is the chief executive of Boeing Defense, Space & Security. 11 other staff will also move to the office in DC area at the same time. The company disclosed that up to 50 staff would be involved in the move eventually, however, they would also hire over 14,000 employees in St. Louis.

The decision was made after discussing for months, and Boeing said it is not related to the President-elect Donald Trump. Donald Trump recently criticized the potential cost of the Air Force One presidential jet program by the company. “This has been under consideration for several months and would have happened whatever the outcome of the election,” a spokesman of Boeing said.

On February 2016, Leanne Caret was appointed to take charge of the Defense, Space and Security unit, which was worth $30 billion and include 50,000 staff. Since that, Caret made boosting engagement with senior leaders of the Pentagon, NASA and the Hill. The company also said that local tax obligations in St. Louis will not be changed from this move.

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